‘The kids are not all right’: Gen Zers and millennials are as likely to own crypto as real estate
Apr 11, 2024 ·
5m 40s
Title: Gen Z and Millennials Embrace Crypto as Real Estate Becomes Elusive A recent Policygenius survey highlights a significant shift in asset ownership among younger generations, revealing that Gen Zers...
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Title: Gen Z and Millennials Embrace Crypto as Real Estate Becomes Elusive
A recent Policygenius survey highlights a significant shift in asset ownership among younger generations, revealing that Gen Zers and millennials are just as likely to own cryptocurrency as they are real estate. With home affordability dropping to its lowest since the Great Recession, these younger generations are turning to digital assets, with 20% owning crypto, mirroring the percentage that owns a house. The difficulty in affording a home is attributed to various factors, including rising interest rates, wage stagnation, and a scant housing supply. Meanwhile, the value of Bitcoin and other cryptocurrencies have surged, offering an alternative path to wealth accumulation for these digital natives, despite the challenging economic landscape.
Subtopics:
- Shift in Asset Ownership Among Younger Generations
- Challenges in Home Ownership Due to Economic Factors
- Rise in Cryptocurrency Value and Accessibility
- Comparisons of Wealth Accumulation Strategies Across Generations
- Influence of Social Media on Financial Decisions and Trends among Gen Z and Millennials
show less
A recent Policygenius survey highlights a significant shift in asset ownership among younger generations, revealing that Gen Zers and millennials are just as likely to own cryptocurrency as they are real estate. With home affordability dropping to its lowest since the Great Recession, these younger generations are turning to digital assets, with 20% owning crypto, mirroring the percentage that owns a house. The difficulty in affording a home is attributed to various factors, including rising interest rates, wage stagnation, and a scant housing supply. Meanwhile, the value of Bitcoin and other cryptocurrencies have surged, offering an alternative path to wealth accumulation for these digital natives, despite the challenging economic landscape.
Subtopics:
- Shift in Asset Ownership Among Younger Generations
- Challenges in Home Ownership Due to Economic Factors
- Rise in Cryptocurrency Value and Accessibility
- Comparisons of Wealth Accumulation Strategies Across Generations
- Influence of Social Media on Financial Decisions and Trends among Gen Z and Millennials
Information
| Author | Justin Swarz |
| Website | - |
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